Tax Junior Analyst

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as Officer, Tax Junior Analyst Hybrid (Internal Job Title: Tax Analyst 1 – C09) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life.

The Tax Analyst 1 is a trainee professional role. Requires a good knowledge of the range of processes, procedures and systems to be used in carrying out assigned tasks and a basic understanding of the underlying concepts and principles upon which the job is based. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Makes evaluative judgements based on the analysis of factual information. They are expected to resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own job.

In this role, you’re expected to:

• Responsible for the overall management of the tax liabilities, of Citi, both directly and in connection with transactions with clients, including the related compliance, financial reporting, planning and controversy processes.
• Contributes to the planning, accounting, filing and the reporting of tax liability of the company.
• Assists in determining and compiling information required to satisfy income tax filing and related requirements at all levels of jurisdiction.
• May participate in managing payments to tax authorities in compliance with specific tax regulations.
• Directs small to medium-sized Finance operational/administrative team(s) of clerical or junior professional employees.
• Advises on procedures and concepts in technical/subject area and integrates with others in accomplishing the goals of the sub function/ job family.
• Improves process efficiencies in harmony of unit focus.
• Uses conceptual/ practical grounding in applying policies to the business.
• Perform other duties and functions as assigned

Additional Job Description:

• Control Compliance Testing: 'Tax Information Reporting' (TIR) consists of 7 Global Operational Teams that are governed by 400+ Local and Common Controls. The 'MCA Support Team' are tasked with ensuring adherence to 'Minimum Control Design Requirements' and 'Control Design Adequacy & Operating Effectiveness'. Uploading in-scope, month-end testing results into the Citi Enterprise Risk Management System and evidence retention (Internal Audit Readiness)
• Risk Mitigation (Red Flag Reviews): Ability to review and assess large volumes of data to identify and justify any inconsistencies / material deviations.
• Standardisation & Consolidation: Hosting consultations with 'Subject Matter Experts' to gain a consensus on standardised Operational Checklist on. Identify opportunities to consolidate and rationalise our Control environment so that it continues to operates effectively and efficiently while adhering to the underlying, polices, laws, rules and regulations.
• MCA Change Control: Management of 'Master Control Assessment' obligations by preparing and facilitating 'Control Owner' attestations.
• Issue & escalation Management: Attend project calls to understand obligations, priorities and deliverables, then clearly articulate and assign pre-defined tasks to team members. Creative problem solving skills will be required to identify potential solutions and determine and implement a collectively agreed corrective action plan.
• People Development & Capacity Management: Ensure team members are suitably trained and versed on "Common Control" testing obligations. Including training, 'Standard Operating Procedure', SME Reviews. Ensure that the workload is distributed evenly and that there is a clear, consistent approach.
• Peripheral Support ("Common Controls"): Support and ensure adherence to Citi wide Common Control policy obligations. Including 'Continuity of Business', 'Regulations Management', 'Data Quality', 'Third Party Management' (Intercompany Service Agreements), 'End-User Computing', 'Records Management', 'Privacy Management', 'Mandatory Absence', 'Information Security' etc.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

As a successful candidate, you’d ideally have the following skills and exposure:

• Bachelor's degree/University degree or equivalent experience
• Minimum of 1 year of relevant work experience
• Excellent verbal and written communication skills in English
• Strong interpersonal skills with a proactive and engaging approach
• Demonstrated ability to quickly comprehend and apply information
• Self-motivated with the ability to work independently and with minimal supervision
• Adaptable and flexible in fast-paced, dynamic environments
• Experience in project management or project support is an advantage.

Take the next step in your career, apply for this role at Citi today

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This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

#hybrid #LI-LG4

Control Compliance Testing: 'T ax I nformation R eporting' (TIR) consists of 7 Global Operational Teams that are governed by 900+ Local and Common Controls. The 'MCA Support Team' are tasked with ensuring adherence to 'Minimum Control Design Requirements' and 'Control Design Adequacy & Operating Effectiveness'. Uploading in-scope, month-end testing results into the Citi Enterprise Risk Management System and evidence retention (Internal Audit Readiness)

Risk Mitigation (Red Flag Reviews): Ability to review and assess large volumes of data to identify and justify any inconsistencies / material deviations.

Standardisation & Consolidation: Hosting consultations with 'Subject Matter Experts' to gain a consensus on standardised Operational Checklist on. Identify opportunities to consolidate and rationalise our Control environment so that it continues to operates effectively and efficiently while adhering to the underlying, polices, laws, rules and regulations.

MCA Change Control: Management of 'Master Control Assessment' obligations by preparing and facilitating 'Control Owner' attestations.

Issue & escalation Management: Attend project calls to understand obligations, priorities and deliverables, then clearly articulate and assign pre-defined tasks to team members. Creative problem solving skills will be required to identify potential solutions and determine and implement a collectively agreed corrective action plan.

People Development & Capacity Management: Ensure team members are suitably trained and versed on "Common Control" testing obligations. Including training, ' S tandard O perating P rocedure', SME Reviews. Ensure that the workload is distributed evenly and that there is a clear, consistent approach.

Peripheral Support ("Common Controls"): Support and ensure adherence to Citi wide Common Control policy obligations . Including ' Continuity of Business', 'Regulations Management', 'Data Quality', 'Third Party Management' (Intercompany Service Agreements), 'End-User Computing', 'Records Management', 'Privacy Management', 'Mandatory Absence', 'Information Security' etc.

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